Which of the Following Statements Regarding Unit Investment Trusts (UITs)is

question 51

Multiple Choice

Which of the following statements regarding unit investment trusts (UITs) is (are) true?

• A)Managers of UITs are able to invest in assets that are less liquid than managers of closed-end funds can.
• B)UITs are required to have a fixed termination date.
• C)UITs are better known as mutual funds.
• D)Shares of UITs trade only on exchange floors and are not redeemed through the trust itself.

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